US EditionCoinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase
- On May 8, 2025, Coinbase announced it would acquire Dubai-based crypto derivatives platform Deribit for $2.9 billion in a cash-and-stock deal.
- The acquisition comes after Coinbase bolstered its financial position, ending Q1 with nearly $10 billion in cash and cash equivalents, which supports additional investment initiatives.
- The deal, valued at $2.9 billion, consists of $700 million paid in cash alongside the issuance of 11 million shares of Coinbase stock, representing the largest acquisition within the crypto sector to date.
- After the announcement, Coinbase shares increased by 2.5%, reaching $263 in after-hours trading, and CEO Brian Armstrong remarked on May 14 that the company regularly explores potential M&A opportunities.
- This deal positions Coinbase to expand in the growing crypto derivatives market, diversify revenue beyond retail spot trades, and enhance its global institutional offerings.
15 Articles
15 Articles
Coinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase
Coinbase Global Inc. Chief Executive Officer Brian Armstrong said the largest US crypto exchange continues to look at mergers and acquisitions, following its $2.9 billion agreement to buy the derivatives exchange Deribit earlier this month.
Bitcoinist
TheSpuzzCoinbase's $2.9 Billion Deribit Purchase Sparks Interest In Future Acquisitions, Says CEO
Coinbase, the largest US-based crypto exchange, is set to join the S&P 500 index on May 19, replacing Discover Financial Services amid its merger with Capital One. Brian Armstrong has made key statements ahead of this development, hinting at plans for further acquisitions. ‘Crypto Is Here To Stay’ Brian Armstrong, Coinbase’s CEO, expressed enthusiasm about the inclusion, stating, “We’re very happy to be included in the S&P 500. It now means that…
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Coinbase CEO looking at more acquisitions after $2.9B Deribit buy
Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. “We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14. He added that the firm has a large balance sheet that can be put to use. The firm revealed in its latest revenue report that its balance sheet has strengthened, ending the first quarter with $9.…
Coinbase CEO Explores Further Acquisitions Following $2.9B Deribit Acquisition
Coinbase CEO Eyes Further Acquisitions Following Deribit Deal Coinbase, a leading cryptocurrency exchange platform, is on the lookout for more acquisition opportunities following its recent purchase of Deribit, a crypto derivatives trading platform. This move marks a strategic expansion for Coinbase, as it strengthens its position in the crypto market. The CEO of Coinbase expressed enthusiasm about the acquisition of Deribit and hinted at more p…
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